CarTrade Tech Ltd. (CARTRADE) AI Stock Analysis

• Market Cap: ₹131.33B
• Dividend Yield: N/A
• Average Volume (3M): 73.22K
• Price to Earnings (P/E): 69.7
• Beta (1Y): 0.60
• Revenue Growth: 22.95%
• EPS Growth: 284.54%
• Country: IN
• Employees: 1,010
• Sector: Services
• Sector Strength: N/A
• Industry: Auto - Dealerships
• EPS (TTM): 12.75
• Shares Outstanding: 47,793,760
• 10 Day Avg. Volume: 11,564
• 30 Day Avg. Volume: 73,224
• PEG Ratio: 0.82
• Price to Book (P/B): 3.67
• Price to Sales (P/S): 12.72
• P/FCF Ratio: 49.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 3,676.13
• Revenue Forecast (FY): ₹719.38B

• Rating: 67 Neutral
• Price Target: ₹3,551.00 ▲(44.13% Upside)

CarTrade Tech Ltd. shows strong financial performance with robust revenue growth and profitability, contributing significantly to the overall score. Technical analysis indicates bullish momentum, though caution is advised due to overbought signals. The high P/E ratio suggests potential overvaluation, impacting the overall score negatively. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Strong Cash Flow

Strong cash flow indicates effective cash generation from operations, ensuring liquidity and enabling strategic investments or debt reduction.

Balance Sheet Health

A strong balance sheet with low leverage and high equity ratio provides financial stability and flexibility for future growth opportunities.

Improved Profit Margins

Improved profit margins reflect enhanced operational efficiency, contributing to sustainable profitability and competitive advantage.

Negative Factors

Revenue Decline

A decline in revenue growth suggests challenges in market expansion or competitive pressures, potentially impacting long-term growth prospects.

High Valuation Concerns

High valuation may limit upside potential and increase risk if growth expectations are not met, affecting investor sentiment and capital allocation.

Lack of Earnings Call Insights

Absence of earnings call insights limits transparency and investor understanding of management's strategic direction and business outlook.

CarTrade Tech Ltd. Business Overview & Revenue Model

Company Description

CarTrade Tech Ltd. (CARTRADE) is a leading online platform in India specializing in the automotive sector. The company operates primarily in the used car market, offering a comprehensive suite of services including vehicle listings, valuation tools, and financing options. CarTrade connects buyers and sellers through its digital marketplace, facilitating transactions while also providing automotive data, insights, and analytics to various stakeholders in the automotive ecosystem.

How the Company Makes Money

CarTrade generates revenue through several key streams: transaction fees from vehicle sales on its platform, subscription fees from dealers for premium listings and access to advanced tools, and advertising revenues from automotive brands and related businesses. Additionally, the company may earn income from data services and analytics provided to manufacturers, financial institutions, and other industry players. Strategic partnerships with financial institutions for vehicle financing and collaborations with car manufacturers further enhance its revenue opportunities.

CarTrade Tech Ltd. Financial Statement Overview

Summary

CarTrade Tech Ltd. presents a strong financial position with impressive growth in revenue and profitability. The balance sheet shows financial stability with low leverage and a high equity ratio, while cash flows are robust, ensuring liquidity. The company is well-positioned in its industry with a strong financial foundation, though monitoring asset efficiency and further optimizing cash use could enhance performance.

Income Statement

CarTrade Tech Ltd. has demonstrated strong revenue growth, with a significant increase from the previous year. The gross profit margin and net profit margin have improved, indicating better cost management and profitability. The EBIT and EBITDA margins also reflect positive trends, showing enhanced operational efficiency. Overall, the company has shown robust growth and profitability in the latest period.

Balance Sheet

The balance sheet remains strong with a healthy equity ratio, indicating a solid capitalization structure. The debt-to-equity ratio is low, suggesting conservative leverage use. The return on equity has improved, reflecting enhanced profitability for shareholders. Overall, the balance sheet reflects stability and prudent financial management, though there is room for optimizing asset utilization.

Cash Flow

CarTrade Tech Ltd. has shown excellent free cash flow growth, supported by strong operating cash flows. The operating cash flow to net income ratio indicates effective cash generation from operations. The free cash flow to net income ratio also supports a healthy cash position. Overall, the cash flow statements highlight strong liquidity and efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.73B	6.41B	4.90B	3.64B	3.13B	2.50B
Gross Profit	3.81B	3.53B	2.41B	1.49B	-304.39M	1.16B
EBITDA	1.61B	1.23B	570.61M	174.07M	-1.49B	285.26M
Net Income	1.55B	1.35B	143.03M	339.98M	-1.32B	924.99M
Balance Sheet
Total Assets	0.00	27.05B	25.10B	23.43B	22.81B	19.30B
Cash, Cash Equivalents and Short-Term Investments	6.83B	6.83B	6.74B	10.27B	9.06B	6.54B
Total Debt	0.00	1.31B	1.12B	864.28M	774.55M	545.51M
Total Liabilities	-23.27B	3.79B	3.53B	2.21B	2.06B	1.68B
Stockholders Equity	23.27B	22.21B	20.70B	20.43B	19.79B	16.81B
Cash Flow
Free Cash Flow	0.00	1.66B	129.62M	411.05M	573.84M	297.60M
Operating Cash Flow	0.00	1.71B	158.73M	482.16M	631.57M	352.04M
Investing Cash Flow	0.00	-1.38B	-1.10B	-165.51M	-2.81B	-3.41B
Financing Cash Flow	0.00	-268.17M	-329.25M	-391.22M	2.29B	3.08B

CarTrade Tech Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2463.80
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Neutral. The current price of 2463.8 is below the 20-day moving average (MA) of 2896.92, below the 50-day MA of 2856.69, and above the 200-day MA of 2141.71, indicating a neutral trend. The MACD of -62.32 indicates Positive momentum. The RSI at 44.06 is Neutral, neither overbought nor oversold. The STOCH value of 32.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CARTRADE.

CarTrade Tech Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JUSTDIAL	73 Outperform	₹62.08B	10.93	―	―	6.97%	12.91%
TCI	70 Outperform	₹79.40B	18.25	―	0.97%	9.97%	16.28%
WELENT	70 Outperform	₹70.62B	20.17	―	0.59%	9.11%	16.30%
CARTRADE	67 Neutral	₹131.33B	69.71	―	―	22.95%	284.54%
IONEXCHANG	60 Neutral	₹54.97B	21.15	―	0.40%	11.56%	-2.78%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
MMTC	43 Neutral	₹82.89B	37.51	―	―	-17.88%	7.14%

CarTrade Tech Ltd. Corporate Events

CarTrade Tech Ltd. Halts Consolidation Plans, Focuses on Core Growth

CarTrade Tech Ltd. has announced that it will not proceed with a previously considered consolidation with Girnar Software Private Limited in the automotive classifieds sector. The company remains committed to strengthening its existing business portfolio and pursuing strategic growth opportunities, focusing on product and technology innovation across its platforms.

CarTrade Tech Schedules Investor and Analyst Meeting

CarTrade Tech Limited has announced a scheduled meeting with investors and analysts on October 10, 2025, as per the requirements of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements). This meeting, which will be conducted physically, is part of the company’s ongoing engagement with stakeholders, although no unpublished price-sensitive information will be discussed.